Dividends

The Company’s Dividend Policy anticipates paying four cash dividends per calendar year of US$0.09/share.

$1.2 billion

in dividends since 2017

$0.36

/share annualized dividend

~$225 million

dividend guidance for 2024

• Dividend History

  Dividend Declaration Date	Record Date	Payment Date (TSX)	Payment Date (NASDAQ)	Total Dividend (USD million)	Dividend per Share (USD)
  Jul 30,2024	Aug 30,2024	Sep 11,2024	Sep 16,2024		$0.09
  May 1,2024	May 31,2024	Jun 19,2024	Jun 25,2024	$51.1	$0.09
  Feb 21,2024	Mar 22,2024	Apr 10,2024	Apr 15,2024	$51.3	$0.09
  Nov 1,2023	Dec 1,2023	Dec 13,2023	Dec 18,2023	$51.5	$0.09
  Aug 2,2023	Sep 1,2023	Sep 13,2023	Sep 18,2023	$51.3	$0.09
  May 3,2023	Jun 2,2023	Jun 21,2023	Jun 27,2023	$52.0	$0.09
  Feb 22,2023	Mar 24,2023	Apr 12,2023	Apr 14,2023	$51.3	$0.09
  Oct 25,2022	Dec 2,2022	Dec 14,2022	Dec 16,2022	$51.8	$0.09
  Jul 27,2022	Sep 2,2022	Sep 14,2022	Sep 15,2022	$53.0	$0.09
  Apr 27,2022	Jun 3,2022	Jun 22,2022	Jun 27,2022	$54.7	$0.09
  Feb 17,2022	Mar 25,2022	Apr 13,2022	Apr 15,2022	$61.6	$0.11
  Feb 17,2022	Mar 25,2022	Apr 13,2022	Apr 15,2022	$54.7	$0.09
  Oct 27,2021	Dec 3,2021	Dec 15,2021	Dec 16,2021	$53.5	$0.09
  Jul 28,2021	Sep 3,2021	Sep 15,2021	Sep 16,2021	$52.8	$0.09
  Jul 28,2021	Sep 3,2021	Sep 15,2021	Sep 16,2021	$52.8	$0.09
  Apr 28,2021	Jun 4,2021	Jun 23,2021	Jun 24,2021	$35.9	$0.06
  Feb 19,2021	Mar 26,2021	Apr 14,2021	Apr 15,2021	$34.9	$0.06
  Oct 28,2020	Dec 4,2020	Dec 16,2020	Dec 17,2020	$21.1	$0.04
  Jul 29,2020	Sep 4,2020	Sep 16,2020	Sep 17,2020	$22.0	$0.04
  Apr 29,2020	May 29,2020	Jun 17,2020	Jun 18,2020	$22.1	$0.04
  Feb 20,2020	Mar 20,2020	Apr 8,2020	Apr 9,2020	$22.1	$0.04
  Oct 23,2019	Dec 6,2019	Dec 18,2019	Dec 19,2019	$16.8	$0.03
  Jul 24,2019	Sep 6,2019	Sep 18,2019	Sep 19,2019	$16.8	$0.03
  Apr 24,2019	May 31,2019	Jun 6,2019	Jun 20,2019	$16.4	$0.03
  Feb 14,2019	Mar 22,2019	Apr 10,2019	Apr 11,2019	$16.6	$0.03
  Oct 24,2018	Dec 7,2018	Dec 19,2018	Dec 20,2018	$16.9	$0.03
  Jul 25,2018	Sep 7,2018	Sep 19,2018	Sep 20,2018	$16.8	$0.03
  Apr 25,2018	Jun 1,2018	Jun 19,2018	Jun 20,2018	$17.1	$0.03
  Feb 15,2018	Mar 23,2018	Apr 11,2018	Apr 12,2018	$17.5	$0.03
  Oct 25,2017	Dec 8,2017	Dec 20,2017	Dec 21,2017	$16.4	$0.03
  Jul 26,2017	Sep 8,2017	Sep 20,2017	Sep 21,2017	$17.8	$0.03
  Apr 26,2017	Jun 2,2017	Jun 20,2017	Jun 26,2017	$16.4	$0.03
  Feb 22,2017	Mar 31,2017	Apr 18,2017	Apr 25,2017	$16.5	$0.03

• Dividend Policy

  On November 30, 2016, the Company's Board of Directors approved a Dividend Policy. The Company's Dividend Policy anticipates paying four cash dividends per calendar year, the first declared with the release of year-end results; the second declared with the release of first quarter results; the third declared with the release of second quarter results; and the fourth declared with the release of the third quarter results. The declaration, timing, amount and payment of all dividends remain at the discretion of the Board of Directors.

  DIVIDEND WITHHOLDING TAX INFORMATION

  Notice to all Non-Canadian Resident Shareholders

  In 2012, the Canada Revenue Agency (CRA) changed how the tax withholding rate applied to dividend payments made to non-residents is determined. The CRA now requires a certification of residency from each shareholder so that the preferred tax treaty rate can be applied where applicable to persons resident in countries which have a tax treaty with Canada.

  Form NR301 will be mailed to all Registered non-resident shareholders by Computershare Investor Services Inc. In order to receive the preferred treaty rate, you must complete and mail back the form as soon as possible. Failure to supply a completed NR301 form will result in Computershare withholding the statutory 25% withholding tax rate on any payments to Registered non-resident shareholders. You can also download the form here. Instructions on how to correctly complete the NR301 are on the back of the form. Shareholders who hold their shares through a broker should contact their broker directly. They do not need to return a form to Computershare. Shareholders who have already completed Form NR301 do not need to complete a new form.

  Shares traded on Nasdaq Stockholm

  Dividend payments will be made net of 25% Canadian withholding tax and are subject to any other Canadian and Swedish taxes deemed applicable under Canadian and Swedish law. Shareholders who are entitled to reclaim Canadian and/or Swedish tax under applicable tax treaties should contact the CRA and the Swedish Tax Agency, respectively, directly. Shareholders who hold their shares through a nominee should contact their nominee.